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Real Estate Sale Propels Leidos To Strong Fourth Quarter Earnings

Cal Biesecker By
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Real Estate Sale Propels Leidos To Strong Fourth Quarter Earnings
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Thursday posted strong fourth quarter earnings and sales as its bottom line benefited from a handsome gain on the sale of its former headquarters.Net income nearly tripled to $127 million, $1.72 earnings per share (EPS), from $44 million (59 cents EPS) a year ago, with the real estate sale adding $82 million while operating margin improved in both of the company’s segments. A year ago the company’s results suffered from a $40 million impairment charge related to…

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